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Compared to the short run,the elasticity of demand in the long run is likely to:
Tailor Customer Promotions
Custom-designed marketing activities aimed at offering specific customer groups incentives that cater to their unique preferences or purchasing history.
Generate Coupons
The process of creating vouchers or codes that consumers can redeem for a discount on goods or services.
Customer Segmentation Analysis
A method of analyzing data that creates customer profiles and categorizes them.
Customer Profiles
Detailed descriptions of a business's typical or ideal customers, including demographic, psychographic, and behavioral traits.
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